Or ... Why no gold is too little IMHO
I meet so many investment managers who tell me, with some glee at times, that they are "zero gold" (ie without any exposure) for their discretionary clients ... a concept I find quite baffling.
Perhaps I am paid to say so, but I cannot conceive of why any portfolio should be devoid of an asset class that is uncorrelated / negatively correlated from almost all others, is liquid and is as old as the notion of investment itself.
The idea behind this article from TalkMarkets rings true with me.
Sunday June 7, 2015 by